Configurable and scalable accounting, land and operations software for U.S. oil and gas companies
Contract
Going from paper to digital
Good decisions start with good information. This is especially true in the drilling stage. Lack of accurately timed information can cause companies to miss opportunities that can be costly and detrimental to your drilling program. Being able to pull contract provisional information from a database rather than from a file can affect good decisions and create rules about drilling the lease.
Record and cross-reference contracts automatically
BOLO lets you record contract information and cross-reference contracts to the leases that are affected. BOLO Contracts helps you record and manage your business and puts the information you need at your fingertips.
BOLO enables you to:
Record the Business
- Track contract dates, parties and expiration dates
- Increase efficiency by inputting contracts quickly
- Update multiple contracts by using a mass change option
Manage the Business
- Manage contracts by type (JOAs, purchase and sales agreements, farm-ins, farmouts, unit agreements)
- Cross reference contracts to wells, leases and other contracts
- Track contracts subject to payout provisions
- Review monthly contract obligation calendars to ensure proper attention to important provisions
- Analyze upcoming obligations to meet drilling schedules